Facts:
Gold remains in an upward trend
Trump’s debt-increasing bill has been passed by the Senate
Institutional investors continue to increase their exposure to gold
Recommendation:
Long position at market price
Take-Profit: 3400; 3440
Stop-Loss: 3250
Opinion:
Gold is currently in a consolidation phase, but its long-term uptrend remains intact. Structural factors such as rising U.S. deficits, a weaker dollar, ongoing trade uncertainty, and persistent demand from central banks shift the medium-term risk balance clearly in favor of gold. Institutional investors and ETFs are noticeably increasing their gold allocations, reaching the highest reserve levels since the end of 2023.
From a technical perspective, gold is in the support zone of its upward trend line. For these reasons, we recommend entering a long position on gold, with a stop-loss order in place to minimize potential downside risk.
Methodology
The recommendation was based on the fundamental analysis of the gold market, its correlation with other financial markets, and technical chart analysis. The target levels were determined using classic support and resistance levels as well as price action analysis.
